Foregoing BaaS: How Owning the Core Fuels Current’s Success

In 2015, Current designed a proprietary, cloud-native core banking platform, setting it apart from almost every other traditional financial institution (FI) and fintech in the U.S. and abroad.

Although the decision to develop its core platform was (and still is) unconventional, it was necessary given the market’s lack of modern Banking-as-a-Service (BaaS) solutions when it launched. The choice to build and not buy the core banking platform has proved to be a defining factor in the company’s growth and success since then, as this report details its benefits and how it provides Current a sustainable, competitive edge in the market.

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Foregoing BaaS report cover